Video: Federal Reserve Lost Trillions, Inspector General Is Clueless

Okay, sorry, I know, it’s crazy Rep. Alan Grayson questioning Federal Reserve Investigator Vickie Coleman about trillions in losses by the Federal Reserve. He repeatedly asked her about off balance sheet losses, totaling $9 trillion, by the Fed and she said she had no clue. He also asked about a trillion dollar Fed expansion and who the money went to. Again, no clue. She explained that the IG role is to oversee Fed programs, and that they do not have jurisdiction to monitor the Feds activities.

How do I get a job as an inspector general? I can “I don’t know nothin’ as well as Russell George and this broad. And I’ll do it for half of what they get paid. Hell, I’ll do both of their jobs.I just won’t know twice as much.

The Goldman-Sachs crew of Treasury Secretary Paulson did nothing, NY Federal Reserve President Geithner did nothing, and Federal Reserve Chairman Bernanke did nothing to prevent the LIBOR manipulation of currency even though they knew all about it.